Gulf Keystone Petroleum Share Discussion Threads

[whynow] 17/4/2024 15:41

Analysis: Erdogan's Iraq Visit Aims to Secure Kurdistan's Natural Gas, Revive Lucrative 50-Year Deal for Cheap KRG Oil

Turkish President Erdogan is scheduled to arrive in Baghdad next Monday, with one of the key agenda items being "natural gas and oil flow," according to his own statement. Several reports suggest that Erdogan not only seeks the resumption of oil exports from the KRG but also aims to secure Kurdistan's natural gas for export to Turkey as soon as possible, especially with apparent U.S. backing.

While Iraq has been preparing to resume oil exports from Kirkuk to Turkey, Erdogan likely prefers resuming exports through the KRG's pipeline, as Turkey has a 50-year contract with the KRG on favorable economic and security terms, with Turkish firms earning over $1 billion annually, in addition to other perks such as holding sway over the KRG's ties with the PKK.

However, Erdogan's interests extend beyond oil to the KRG's natural gas. This would reduce Turkey's dependence on Russian gas for energy consumption and position Turkey as a key gas hub for Europe, substantially increasing its geopolitical clout, in addition to further Turkish influence over the Kurdistan Region.

Erdogan holds several powerful cards against Iraq to push for his demands, the most significant being water. Iraq desperately wants more water from the Euphrates and Tigris rivers, which Turkey has gained substantial control over through the construction of several massive dams.

According to informed sources, the 50-year agreement signed by Nechirvan Barzani with Erdogan in 2014 reportedly includes the following terms:

- Turkish companies operating in the Kurdistan Region will be given priority in the KRG oil sector.
- For the next 50 years, Turkey will receive $1 per barrel of oil sold.
- The KRG's oil revenue will be deposited and exchanged at Turkey's Halk Bank.
- The KRG oil pipeline will be guarded by Turkey, with fees paid from the KRG's oil revenue.
- The KRG will lease seven large oil reservoirs at Turkey's Ceyhan Port, with rent paid from its oil revenue.
- The agreement sets the framework for the KRG's relations with the Syrian Kurdish SDF and the PKK.
- Critics claim the agreement's political dimension is to maintain the KDP's power and continue its leaders' rule in the Kurdistan Region with Ankara's support.
- Unofficial reports suggest the Erdogan family is the primary beneficiary of this agreement's proceeds from the Turkish side.

[sniff_the_tip] 17/4/2024 15:34

blah blah blah.....

We have heard it all before... its getting boring now...

[habshan] 17/4/2024 15:21

BasNews - US-Iraq Talks: Spotlight on Kurdistan's Role: Dizayi.

ERBIL — Supporting the Kurdistan Region emerged as a focal point in recent meetings between Iraqi delegation and top US officials in Washington, according to a senior Kurdish official.

During an interview with BasNews, Safeen Dizayi, the head of the Kurdistan Regional Government's (KRG) Department of Foreign Relations, highlighted the main topics discussed during the meetings. Dizayi also emphasized the Kurdistan Region's importance in these discussions and the significant outcome of Prime Minister Masrour Barzani's recent visit to Washington.



BasNews: Did the meeting between President Biden and Sudani address support for the Kurdistan Region?

Dizayi: Yes, support for the Kurdistan Region was indeed on the agenda. The discussions also endorsed the re-export of Kurdistan Regional Government's oil, benefiting both the region and Iraq, along with American companies involved.

BasNews: Were there any commitments from the Iraqi delegation regarding Kurdistan's salary and oil issues during their discussions with President Biden?

Dizayi: While the issue of salaries remains internal, it holds significance, and the United States advocates for the resolution of Erbil-Baghdad disputes, including the matter of Kurdistan's oil exports, which necessitates concerted efforts.

BasNews: Was your inclusion in the Iraqi delegation at the behest of Baghdad or Erbil?

Dizayi: Our participation stemmed from Sudani's invitation, echoing a similar engagement at the United Nations General Assembly last September. This demonstrates efforts towards bolstering relations and addressing shared challenges.

[highlander7] 17/4/2024 15:19

john @john78846295:l 3h

Quote: Wladimir van Wilgenburg@vvanwilgenburg
·
Replying to @vvanwilgenburg and @sarhangsalar. “Washington wants to see Sudani enforcing Baghdad’s financial commitments towards the Kurdistan Region consistently and sustainably and allow Erbil to export oil,” Badawi said

[0ili0] 17/4/2024 15:03

Will bigdog5 still be here in spirit once ADVFN goes under? 😱

[gkpbanggone] 17/4/2024 14:39

Really no need to agitate regards pipelines etc as the company has clearly entered into a sale , pipe closure has allowed the inside parties to add bucket loads for pennies, pre monumental takeover.Will be RNS May for formality vote through at AGM

[pittcock] 17/4/2024 14:31

BigdogBigdogSitting in a treeWANKING

[bigdog5] 17/4/2024 14:22

I'm here Mr Hills to mock you morons as the BS and fantasy you all post up requires ridiculing as how else will you gullible suckers ever learn, told you that many times.

I'm far from bitter, plus this is a trading stock which I continue to trade when the circumstances dictate.

Penny stocks have always rewarded me.

[0ili0] 17/4/2024 13:54

Why is bigdog5 still here? Oh yeah, still bitter...👰🍩 63


cutthecagain - 11 Jul 2014 - 17:39:30 - 8 of 128
Copied that on to the FB thread. Shirt of his back? Mine's already gone.

[worldquant] 17/4/2024 12:09

Top share holders positions
Takeover RNS in MAY , vote needed at AGM in June or sooner if SGM called.
CFO has 680,000 shares and is retiring number 13 on list
CCO has 400,000 plus 20,000 he bought recently 17 on list.
.
Of course 45% shares are anonymously

[worldquant] 17/4/2024 12:07

Really no need to agitate regards pipelines etc as the company has clearly entered into a sale , pioe closure has allowed the inside parties to add bucket loads for pennies, pre monumental takeover.
Will be RNS May for formality vote through at AGM

[broadford bay] 17/4/2024 12:03

BIG buys going thru!

Keep pumping...

Takeover soon?

Reached the bottom of the barrel yet?

[habshan] 17/4/2024 11:58

70,910 buy just gone through.

[gkpbanggone] 17/4/2024 10:51

Really no need to agitate regards pipelines etc as the company has clearly entered into a sale , pioe closure has allowed the inside parties to add bucket loads for pennies, pre monumental takeover.Will be RNS May for formality vote through at AGM

[nestoframpers] 17/4/2024 10:46

It will be up £32 soon.

[gkpbanggone] 17/4/2024 10:44

https://x.com/111notout1/status/1780188083519996024?s=61&t=EEAJRmerpfLiAmForyb8DwTop share holders positions Takeover RNS in MAY , vote needed at AGM in June or sooner if SGM called.CFO has 680,000 shares and is retiring number 13 on listCCO has 400,000 plus 20,000 he bought recently 17 on list..Of course 45% shares are anonymously

[gkpbanggone] 17/4/2024 10:44

Here you can find a presentation made in Stockholm 3 weeks ago, entitled Creating value by M+A in Kurdistan.Given by a former director of GKP and now CEO of our neighbours Shamaran..https://x.com/GoodnightCharl1/status/1780257316782149982

[bigdog5] 17/4/2024 10:40

Most of the new monikers that turn up are Carroll from Stockport. I don't understand why you morons don't get that. Their "deal by arrangement" and others she comes out with is complete garbage, its just more of her desperate invented sh1t. Isn't that correct Carroll. The company isn't sold as if it were they have a duty to inform all as otherwise it would be a breach of SE rules.

Although a tie up with Shamaran has been mooted for some while they have high quality oil so there are questions marks over why they would want to link with sludge. Costs associated with gas flaring perhaps. The new terms from Baghdad need consideration first.

The quality blend that Baghdad are wanting to achieve makes it unlikely that much if any of the sludge will form part of it.

No one is going to rock up with your delusional fantasy numbers.

Reality versus the desperate invented hoped for fantasy that you clowns have been conning yourselves with for over a decade.

Remember a long while back I told you Baghdad were serious this time. Get it now:-)

[habshan] 17/4/2024 10:37

Plenty of buys flooding in including one of 67,839 and one of 22,500.

Currently 390k buys and 98k sells.

Sp up 3.2p.

[gkpbanggone] 17/4/2024 10:10

Here you can find a presentation made in Stockholm 3 weeks ago, entitled Creating value by M+A in Kurdistan.Given by a former director of GKP and now CEO of our neighbours Shamaran..https://x.com/GoodnightCharl1/status/1780257316782149982

[gkp_over_100quid_at_takeover] 17/4/2024 10:08

Here you can find a presentation made in Stockholm 3 weeks ago, entitled Creating value by M+A in Kurdistan.Given by a former director of GKP and now CEO of our neighbours Shamaran..https://x.com/GoodnightCharl1/status/1780257316782149982

[highlander7] 17/4/2024 10:08

Well I have no idea if it has been sold or not, but one thing I have always believed, is that this so called "pipeline issue" has been deliberately timed and engineered for someone else's benefit, and it is NOT the ICG . Ive seen too much of the same over the years I was working.

IMO